PPT-Withholding Taxes Actual Payment

Cash or Check Given to employee on payday Constructive Payment Date when wages are made available to the employee Wages are available without substantial limitation or restriction Mailed checks are . Payroll – Anita Gurule. OPAA – Lisa Silbernagel. FA&A – Rae Lee Aguilar. Vendor Maintenance – Mary Page. Paying NRA’s and Foreign Businesses. “W8’s and Heartbreaks”. Presentation - Outline. By: Jasmine . W. ooten . Highlights of my house. My house is located on . 1795 Whitney Ave. , in Hamden CT.. There are 5 bedrooms & 4 full bathrooms.. I like the . staircase. & the . pool. . Introduction. It has been proven that 18-25 year olds are historically the most likely age group to forfeit their tax refund by not filing a tax return.. What does this mean?. They paid MORE taxes than they needed to and didn’t file to get their money back.. Crystal Gronau & Marlene Zobayan. Rutlen Associates LLC. California Payroll Conference. September 11 and 12, 2014. 1. Disclaimer. This presentation contains general information only and the respective speakers and their represented firm are not, by means of this presentation, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This presentation is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. The respective speakers and firm shall not be responsible for any loss sustained by any person who relies on this presentation. . “I want to find out who this FICA guy is and how come he’s taking so much of my money.” . -- Nick Kypreos . Chapter 10. . 10-. 2. LO # 1 Payroll and Form 1040. Withholding taxes are imposed on taxpayers to help fund government operations using a “pay as you go” system. Federal Taxes. 1040. Paying Your Taxes. Do Now. Try to complete form 1040 on your own.. Form 1040 is used to file your return to the IRS. . It reconciliates your tax liability from your actual taxes withheld.. POA 5: . TIMELY PAYMENT OF TAXES. Desired Outcome of POA 5. Taxpayers pay their taxes in full on time. . . Taxpayers are expected to pay taxes on time according to the law and procedure laid out. Tax laws and administrative rules specify payment requirements, including due dates, payment methods and who is required to pay. . Consumer Math Class. East Jackson High School. 2016. Module 1: . Payroll Taxes and Federal Income Tax Withholding. Introduction. Payroll taxes. include the Social Security tax and the Medicare tax.. The withholding tax system. The withholding of tax is a system used to collect tax in advance. Withholding tax is not an internal revenue tax. The system is used to equal or at least approximate or collect in full the tax due from the payee on certain income payments. The taxes deducted and withheld by the withholding agent shall be held as a special trust fund in trust for the government until paid or remitted by the withholding agent to collection officers/banks [Section 58(A), Tax Code].. On the top menu bar go to reports, then the sub menu choose Employees and Payroll, next menu choose Employee Withholding. Click on the Modify report button, left had side of the report at the top.. On the Display tab deselect/select the data needed. . Payroll – Anita Gurule. OPAA – Lisa Silbernagel. FA&A – Rae Lee Aguilar. Vendor Maintenance – Mary Page. Paying NRA’s and Foreign Businesses. “W8’s and Heartbreaks”. Presentation - Outline. Withholding & Reporting for . Business . Travelers. Richard Green. October 6, 2016. 1. Multi-jurisdictional withholding . A. perfect . storm. Corporate, payroll tax compliance . Difficulty . in controlling . October 6, 2016. 1. Disclaimer. This presentation contains general information only and the respective speakers and their represented firm are not, by means of this presentation, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This presentation is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. The respective speakers and firm shall not be responsible for any loss sustained by any person who relies on this presentation. . Wednesday, February 22, 2017. Lisa Hall. Agenda. Overview of the Tax System. Federal Income Taxes. State. Income Taxes. Social. Security/Medicare Taxes. Processing Procedures for Payments. Taxation of Payments.